- Levenue, a Dutch revenue-based financing marketplace, has acquired MidFunder, a Zurich-based provider of non-dilutive capital for digital businesses, for an undisclosed sum.
- MidFunder’s revenue-based financing platform utilizes data from accounting and revenue growth to facilitate its underwriting process, with a focus on providing funds quickly to companies facing challenges in securing traditional financing.
- The acquisition is aimed at expanding Levenue’s operations in Switzerland and broadening its financing marketplace footprint across Europe, where it currently serves subscription-based companies in 16 countries.
- Since its launch in 2021, Levenue claims to have facilitated over €300 million in total financing for investors.
- This acquisition follows Levenue’s previous purchase of fintech Cake in November, which enhanced its underwriting capabilities with open banking and data enrichment solutions.
- Benjamin Rieder, CEO and co-founder of Levenue highlights Switzerland as a significant market for both companies, stating that the acquisition will accelerate and solidify Levenue’s operations while contributing to reshaping the business financing landscape in Switzerland.
Levenue snaps up MidFunder to broaden financing in Switzerland
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